The Masterplast Nyrt. has established Masterplast Italia SRL with 51% business share of the company. The company was set up to trade in thermal insulation materials with a share capital of EUR 200,000. The co-founders of the subsidiary are private individuals with wide experience and extensive business relationships in the Italian building materials market.
After the founding of the sales company, production in Italy is also planned. The company is examining several options, with an investment of approximatley EUR 10 million in the case of a greenfield investment and more than EUR 20 million in the case of a possible acquisition.
The Masterplast Nyrt. showed an EBITDA of EUR 22.8 million last year – twice as much as the year before. Their revenues amounted to EUR 191.5 million (HUF 70 billion) – an increase of 64%. Their taxed profit increased by a factor of 2.5 to EUR 16 million (nearly HUF 5.8 billion). By 2024, the company wants to generate sales of EUR 300 million and post taxed profits of EUR 26 million.
Established in 1997, Masterplast Nyrt. is an insulation material and construction industry product producer and distributor company. The international group, headquartered in Hungary, has 100% subsidiaries in 9 European countries and has several production facilities in 7 different countries.